Alan Collins
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Alan Collins posted a blog post

EURGBP - Demand to expand this week. .7387/7412 targeted

A 2nd positive weekly performance in a row last week took the cross to the most positive levels traded for 4 weeks. Although the peak was produced in the middle of the week, the subsequent setback found buyers at the key 13 day moving average and the focus remains on the topside, especially with the daily Keltner channel clearly positive.Scope exists to test an important .7387/.7412 area and the risk is .7219.…See More
Mar 30
Alan Collins commented on Alan Collins's blog post EURUSD - Key average platforms gains
"All targets met. Potential to 1.1036 but momentum waning and this remains assessed as counter trend."
Mar 24
Alan Collins posted a blog post

EURUSD - Key average platforms gains

Yesterday saw the market use the13 day average as a platform for further gains. This resulted in a 2nd up day in a row and the most positive close for 12 days. Intraday signals are at overbought extremes but although that does add a note of caution profit taking setbacks are currently temporary and limited with scope to 1.0975 and 1.0992.Only below 1.0868 negates this scenario.…See More
Mar 24
Alan Collins posted a blog post

EURGBP - Negative Keltner channel dominates

There was limited movement in EURGBP Monday with price action caught within similar parameters to Friday. Initial upside stalled, and reversed, below the 13 day line, and although prices closed little changed it is that upside failure, coupled with a still negative Keltner channel that leaves signals bearish going into this morning targeting .7103 and .7088.…See More
Mar 17
Alan Collins posted a blog post

EURUSD - Hugging Negative channel targets 1.0735

A sequence of 3 down days ended yesterday despite a marginally new 12 year low. There was little net movement for EURUSD as prices consolidated rather than continue selling pressure or attract significant profit taking. However, Asian price action has seen a renewal of the downside – a move that keeps prices hugging the lower end of a declining Keltner channel with scope for further downside to 1.0767 and 1.0735.The risk is…See More
Mar 10
gladwin dsouza commented on Alan Collins's blog post EURUSD - Positive Divergnce gives upside scope
"@ Alan Collins, Sir !  Eurousd did not went up towards 1.1051, it went downwards what is your analysis now pls reply"
Mar 7
Alan Collins posted a blog post

EURUSD - Positive Divergnce gives upside scope

Wednesday’s decline extended yesterday. This move took EURUSD to new 12 year lows and maintained a hugging of the lower end of a falling Keltner channel.  However with intraday sentiment oversold, the lows were not held and, coupled with positive divergence in Momentum indicators, the immediate outlook is counter trend bullish with potential to 1.1051 and 1.1085.…See More
Mar 6
gladwin dsouza commented on Alan Collins's blog post EURUSD - Back above key average - Further Upside Targeted
"sir what your expectation about GBPUSD .. it will go down again "
Feb 19
Alan Collins posted a blog post

EURUSD - Back above key average - Further Upside Targeted

EURUSD continues to fluctuate around the 13 day average. Initial trading yesterday reversed Tuesday’s gains but in late price action the bulk of this downside was regained. Limited net movement means signals for sentiment cannot be strong but the downside rejection coupled with demand in Asia above the average means studies are positive with potential through 1.1449 to 1.1487.…See More
Feb 19
Alan Collins posted blog posts
Feb 17
Alan Collins posted a blog post

EURUSD - Buyers return - upside to extend

After 3 days of consolidation/limited net movement buying interest was attracted to EURUSD yesterday. This took prices to test the key 13 day moving average and although that point was not clearly breached, the underlying positive tone has been reinforced by Asian demand this morning with potential to retest this month's highs in the coming days.Intraday targets are 1.1458 and 1.1487 with a risk of 1.1371.…See More
Feb 13
Alan Collins posted a blog post

EURGBP - Bullish Hammer pattern targets .7462

Against a background of negative signals for sentiment for this week, yesterday saw EURGBP continue to hug the lower end of a declining daily Keltner channel. But after posting a new 7 year low, profit taking, from oversold extremes, developed. That move is counter trend and must be treated with caution but the recovery of virtually the entire initial fall produced a Bullish Hammer targeting .7462 or even towards .7493.Only below .7401 negates this bullish outlook.…See More
Feb 12
Alan Collins commented on Alan Collins's blog post GBPUSD - Tentatively Bullish targeting 1.5297
"2nd target at 1.5297 met. still has legs to 1.5329 but stop has been raised to at least break even"
Feb 11
Alan Collins posted a blog post

GBPUSD - Tentatively Bullish targeting 1.5297

Against a background of positive signals for sentiment for this week, yesterday saw a return of buying interest. After 2 days of decline the trend defining 13 day moving average was untested and buyers emerged around the 1.5200 level. Monday’s net fall was regained but the highs were not maintained and Asia has attracted some further downside. Nonetheless, temporarily and cautiously, sentiment is assessed as positive and so our call is Cautiously Bullish while above 1.5197, yesterday's low. The…See More
Feb 11
prasana commented on Alan Collins's blog post EURGBP - Upside rejection to dominate this week's trading
"0.7377 "
Feb 9
prasana commented on Alan Collins's blog post EURGBP - Upside rejection to dominate this week's trading
"hello,can eur/gbp will reach target todat "
Feb 9

Profile Information

About Myself
I have been a spot/forward/prop trader, Salesperson and Technical Analyst in financial institutions for more than 30 years.
I currently co-own the 2nd independent technical analysis research company I've setup, 3cAnalysis.
Please note that all blogs and comments are for information and education only and not a recommend to trade at any time.
Trading style
Based on hourly charts
Current Broker
none

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Alan Collins's Blog

EURGBP - Demand to expand this week. .7387/7412 targeted

Posted on March 30, 2015 at 6:59am 0 Comments

A 2nd positive weekly performance in a row last week took the cross to the most positive levels traded for 4 weeks. Although the peak was produced in the middle of the week, the subsequent setback found buyers at the key 13 day moving average and the focus remains on the topside, especially with the daily Keltner channel clearly positive.

Scope exists to test an important .7387/.7412 area and the risk is .7219.…

Continue

EURUSD - Key average platforms gains

Posted on March 24, 2015 at 6:56am 1 Comment

Yesterday saw the market use the13 day average as a platform for further gains. This resulted in a 2nd up day in a row and the most positive close for 12 days. Intraday signals are at overbought extremes but although that does add a note of caution profit taking setbacks are currently temporary and limited with scope to 1.0975 and 1.0992.

Only below 1.0868 negates this scenario.…

Continue

EURGBP - Negative Keltner channel dominates

Posted on March 17, 2015 at 6:58am 0 Comments

There was limited movement in EURGBP Monday with price action caught within similar parameters to Friday. Initial upside stalled, and reversed, below the 13 day line, and although prices closed little changed it is that upside failure, coupled with a still negative Keltner channel that leaves signals bearish going into this morning targeting .7103 and .7088.…

Continue

EURUSD - This week to continue Sell Rally scenario. 1.0410 targeted

Posted on March 16, 2015 at 8:00am 0 Comments

Confirming the weakness of the rally from January’s low point, selling pressure deepened last week. A 3rd down week in a row took EURUSD to the lowest levels traded since 2003. Oversold extremes remain a concern but last week's price action saw profit taking remain temporary and limited. In addition the market continues to track the lower end of falling daily & weekly Keltner channels and so, allowing for a reaction to oversold extremes, we look for the downside to continue to develop …

Continue

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